Why is Indian Acrylics falling/rising?

As of 18-Sep, Indian Acrylics Ltd is currently priced at 7.79, reflecting a slight increase of 0.01 or 0.13%. Despite this minor uptick, the stock has shown significant underperformance, with a decline of 3.11% over the past week and a staggering 39.75% drop over the last year. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company has reported negative results for the last nine consecutive quarters, with a high debt-equity ratio of 17.21 times and a negative EBITDA, which raises concerns about its long-term viability. The recent delivery volume has increased, suggesting some rising investor participation, but the overall outlook remains weak due to the company's poor financial fundamentals.
In the broader market context, the Sensex has gained 1.80% over the past week, contrasting sharply with Indian Acrylics' decline. This consistent underperformance against the benchmark highlights the stock's struggles, particularly as it has lagged behind the BSE500 in each of the last three annual periods. The company's high level of pledged promoter shares further exacerbates the downward pressure on the stock, especially in a falling market. Overall, while there may be some minor positive movements in the stock price, the underlying financial issues and market conditions suggest a challenging environment for Indian Acrylics Ltd.